Nerdit Foundation
- Assets
- $96.9k
- Revenue
- $199.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2019
- Data as of
- 11/2022
- EIN
- 83-2957814
Organization Overview
Nerdit Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nerdit Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2022, Nerdit Foundation generated $199.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $326.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nerdit Foundation has awarded 21 individual grants totaling $288,560. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO END THE TECHNOLOGICAL DIVIDE BY PROVIDING COMPUTERS AND OTHER EQUIPMENT TO THE PUBLIC WHO OTHERWISE NOT HAVE ACCESS TO THEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES COMPUTERS AND OTHER DEVICES AVAILABLE TO THE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Fulton Chair | OfficerTrustee | 5 | $0 |
Tyler Reynolds Vice Chair | OfficerTrustee | 5 | $0 |
Jabari Jones Treasurer | OfficerTrustee | 5 | $0 |
Alex Parkowski Secretary | OfficerTrustee | 5 | $0 |
Jonathan Hoxte Board Member | Trustee | 2 | $0 |
Sahaana Rajagopalan | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,807 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,431 |
| Grants and other assistance to domestic individuals. | $66,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $130,645 |
| Fees for services: Legal | $1,395 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14 |
| Office expenses | $8,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,756 |
| Travel | $874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $221 |
| Total functional expenses | $326,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,539 |
| Savings and temporary cash investments | $29,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,625 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,857 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $96,857 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $96,857 |
Grants Awarded
Over the last fiscal year, Nerdit Foundation has awarded $47,975 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX HACKETT PURPOSE: NEED BASED | $7,950 |
THE SOUTHEASTERN PURPOSE: NEED BASED | $18,825 |
DARBY POLICE PURPOSE: NEED BASED | $13,250 |
RODNEY ST TENNIS PURPOSE: NEED BASED | $7,950 |